Extremely significant positive changes in Lands’ End Inc (NASDAQ: LE) investment behavior have recently occurred: its shorter term price trend turned up, its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Recent notable positive changes in fundamentals have benefitted Lands’ End Inc (NASDAQ: LE): significant quarterly earnings acceleration occurred, and the consensus estimate for January, 2024 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
LE’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
Lands End has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Lands End has a neutral Appreciation Score of 58 but a good Power Rating of 71, with the Positive Value Trend Rating the result.
Recent Price Action
Lands’ End Inc (NASDAQ: LE) stock closed at $10.04 on 3/27/24 after a very large increase of 8.0%. Moreover, trading volume in this advance was exceptionally high at 703% of normal. The stock has been strong relative to the market over the last nine months and has risen 26.0% during the last week.
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